News Formal

Analysis-Investors call 'peak pessimism' for beaten-up UK stocks

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

By Naomi Rovnick LONDON (Reuters) - Long-term gloom about Britain's economy appears to be lifting and some big investors reckon the end of extreme ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Naomi Rovnick

UK-based investors said they are increasing holdings of domestic businesses and taking advantage of low valuations for the FTSE-100. Consumer stocks are outperforming as investors bet on the UK cost of living crisis becoming less intense. The Bank of England is expected to hike rates again this month, exacerbating stress for homeowners due to the refinancing of fixed-term mortgages at higher costs.But after UK households endured the biggest inflation shock for four decades and a cost-of-living crisis, wages are now growing faster than prices. Energy bills are expected to drop to a two-year low next month.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Analysis-For retail investors, jumping on Arm's blockbuster IPO is a risky businessBy Noel Randewich and Hannah Lang (Reuters) - Retail traders getting their first bite at Arm Holdings' highly anticipated public offering when the ...
Source: SaltWire Network - 🏆 45. / 63 Read more »

For retail investors, jumping on Arm’s blockbuster IPO is a risky businessIndividuals often get burned when they jump on hot listings
Source: globeandmail - 🏆 5. / 92 Read more »